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If you are thinking of selling your home, then establishing
its current market value is one of the most important steps in the whole selling process, and it therefore needs to be done
with extreme care and thoroughness.
Do not accept over the phone valuations, or verbal estimates after only a brief
glance at the property.
You should insist that the sales representative who is doing the market value assessment
does all of the following:
1.on the first visit to your home an inspection is made all the rooms, basement and the exterior
of the building.
2.takes measurements of all the rooms, measures the outside of the home to establish the square feet of
living space provided and also measures the lot size if no survey is available.
3.takes photos of your property so that
you can better compare your home against the comparable properties
4.on the second visit that a full market analysis report
is presented to you, and fully discussed with you, and that this report contains graphs showing how the market is changing,
full details of comparable properties that have sold, are active, or failed to sell, and a detailed written discussion of
all the factors taken into consideration in arriving at the estimate of market value.
Once this whole process is complete
you should feel confident in deciding on a list price for your property that will ensure it sells at the full market value
in a reasonable time.
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